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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 330,337 $ 296,749 $ 668,100 $ 611,160
Cost of revenues:        
Total cost of revenues 63,193 66,426 125,023 133,610
Gross profit 267,144 230,323 543,077 477,550
Operating expenses:        
Research and development 65,709 70,117 134,080 137,917
Selling and marketing 57,129 54,364 111,515 106,505
General and administrative 54,854 39,258 101,336 86,065
Deferred compensation plan 883 3,777 6,682 7,923
Amortization of purchased intangibles 8,392 9,502 17,356 20,050
Total operating expenses 186,967 177,018 370,969 358,460
Income from operations 80,177 53,305 172,108 119,090
Interest expense, net (5,100) (9,484) (11,620) (20,576)
Other income, net 2,280 965 9,417 1,254
Income before income taxes 77,357 44,786 169,905 99,768
(Provision) benefit for income taxes (5,330) 3,899 (27,577) (5,593)
Equity in net income of investees, net of tax 19 0 28 0
Net income $ 72,046 $ 48,685 $ 142,356 $ 94,175
Per share information:        
Net income per share, basic (USD per share) $ 0.23 $ 0.16 $ 0.45 $ 0.30
Net income per share, diluted (USD per share) $ 0.22 $ 0.15 $ 0.44 $ 0.29
Weighted average shares, basic (in shares) 314,980,580 311,914,602 314,660,906 311,366,371
Weighted average shares, diluted (in shares) 333,780,984 332,352,725 333,725,315 331,831,973
Subscriptions and licenses        
Revenues:        
Total revenues $ 308,307 $ 270,961 $ 624,908 $ 558,353
Cost of revenues:        
Total cost of revenues 42,432 41,156 82,650 82,087
Subscriptions        
Revenues:        
Total revenues 297,444 259,243 604,533 537,088
Perpetual licenses        
Revenues:        
Total revenues 10,863 11,718 20,375 21,265
Services        
Revenues:        
Total revenues 22,030 25,788 43,192 52,807
Cost of revenues:        
Total cost of revenues $ 20,761 $ 25,270 $ 42,373 $ 51,523